F1 bosses brand Silverstone move as 'posturing'

"The week leading up to the British Grand Prix should be a week of great celebration for F1 and Silverstone. We deeply regret that Silverstone has chosen instead to use this week to posture and position themselves and invoke a break clause that will take effect in three years' time.

"We offered to extend the current deadlines in order to focus on everything that is great about Silverstone and Formula 1. Regretfully the Silverstone management has chosen to look for a short-term advantage to benefit their position. Our focus is still to preserve the British Grand Prix. We will carry on negotiating with the promoter in good faith and in private to reach a fair and equitable solution."